Residential Electric Customers: Could you have money with PSE&G’s RLM Rate?
If most of your electric usage occurs during non-peak hours. PSE&G’s offers a pricing option that you should consider. For example, if you operate appliances when most people are asleep or change an electric vehicle overnight, a “time-of-day” rate (also known as the Residential Load Management or “RLM” rate) may benefit you. This rate is available for residential electric customers on a voluntary basis.
What is the RLM Rate?
The RLM rate varies the price of electricity between ‘peak’ and ‘off-peak’ hours of the day and by season. If you choose to be billed on this rate, you will pay a higher rate during ‘peak’ hours (7:00am-9:00pm, Monday through Friday) and a lower rate during ‘off-peak’ hours (9:00am-7:00am and anytime on weekends).
Will my electric bill be higher or lower on the RLM rate?
Compared to your current rate, the amount of your electric bill on the RLM rate will be determined by the appliances you own and your own ability to move your electricity usage to off peak times. Since these factors are different for each customer, it is not possible to determine in advance whether your electric bill would be higher or lower on the RLM rate.
If you switch to the RLM rate, you existing meter will be replaced with a ‘time of day’ meter. Your minimum term of service on the RLM rate will be one year.
Check the Internet and the PSE&G website for the rates.
Disclaimer: This information was taken directly from the PSE&G pamphlet and I give them full credit for this information. Please check the website for information on this program if it is right for you and your family.